Key Highlights

  • Horace Mann's $0.36 quarterly Dividend has a Record Date of September 16, 2026, payable September 30, yielding approximately 2.89%.
  • Second-quarter record core Earnings reached $48.2 million, or $1.17 per diluted share, up 9.0% year over year.
  • The Property & Casualty combined ratio improved more than seven percentage points to 89.6%, reflecting favorable weather and Underwriting improvements.
  • The company raised full-year 2026 core EPS guidance to $4.60-$4.90 per share, from the previous $4.20-$4.50 range.

Horace Mann Educators' (NYSE:HMN) $0.36 quarterly dividend yields approximately 2.89% and represented approximately 31% of second-quarter core earnings per diluted share of $1.17, a Payout Ratio the company has maintained after increasing the quarterly rate from $0.35 to $0.36 earlier in 2026. Reported Book Value per share rose to $37.11, up 11.4% year over year, while tangible book value per share increased 10% to $36.64 at quarter end, a distinction relevant to assessing Capital strength separately from headline book value.

Dividend Program and Shareholder Returns

Horace Mann's latest regular dividend is $0.36 per share, declared August 31, 2026 and payable September 30 to shareholders of record as of September 16. The company had already paid $0.36 per share in both the first and second quarters of 2026, an increase from the $0.35 quarterly rate used in 2025. Six-month dividends paid were approximately $29.2 million. The company also had approximately $37.4 million remaining under its authorized share-repurchase program as of June 30, 2026.

About the Company

Horace Mann is a multiline insurance and financial-services company focused primarily on educators, offering personal auto and property insurance, life insurance, retirement products and group benefits through an educator-focused distribution model.

Financial Performance Behind the Payout

Horace Mann reported second-quarter Revenue of $443.5 million, up 7.7% year over year. Net Income reached $41.6 million, or $1.01 per diluted share, compared with $29.4 million and $0.71 per share in the second quarter of 2025. Core earnings increased 9.0% to a record $48.2 million, or $1.17 per diluted share. For the first six months, revenue was $872.8 million and net income was $82.8 million, compared with $67.6 million a year earlier. The Property & Casualty combined ratio improved more than seven percentage points to 89.6%, reflecting favorable weather, lower catastrophe losses and underwriting improvements. Reported book value per share reached $37.11, up 11.4% year over year, while tangible book value per share increased 10% to $36.64 at quarter end.

Guidance Raised on Underwriting Improvement

Horace Mann raised its full-year 2026 core EPS guidance to $4.60-$4.90, from the previous $4.20-$4.50 range, following the 89.6% combined ratio and record core earnings. Management also cited a trailing-twelve-month core Return on Equity of 12.8%. The company's educator-focused distribution model remains central to its growth strategy through cross-selling insurance and financial products to school employees, and management continues to discuss potential Acquisition opportunities, though these were not assumed in the 2026 guidance range at the time of the second-quarter report.

Outlook

Horace Mann's dividend has increased from $0.35 to $0.36 per share during 2026, a period in which full-year core EPS guidance was also raised. Metrics relevant to the payout's context going forward include the durability of the 89.6% combined ratio against future catastrophe experience, claims Inflation trends, and growth in the life and group-benefits segments alongside the core Property & Casualty business.